Union Minister Piyush Goyal, during a joint press conference, pointed out India's high GDP growth, stating that even international agencies are bullish on India amid global turbulence.
The rise in domestic GST collection was 9.2 per cent, while that from imports was over 12.1 per cent.
A plea has been filed before the Supreme Court challenging the constitutionality of certain amendments introduced in the Constitution for implementing Goods and Services Tax (GST), which will be heard by a bench headed by CJI D.Y. Chandrachud on Monday.
Union Minister for Road, Transport and Highways, Nitin Gadkari on Thursday said that India is the fastest growing economy in the world while underscoring the need to develop industries and trade for the growth of the country.
GST council is likely to give clarity on whether tax collected at source (TCS) should be deducted by the buyer or the e-commerce platform
Making systemic changes and sharpening the tools that would facilitate sustainable transformation require the political leadership to possess an acute understanding of the governance process and a statesmanlike long-term vision. The government has to show resolve with compassion, the Opposition has to be critical yet constructive, and the public adequately informed and rational.
This is the first time after introduction of GST that taxpayer consultation is being done on "such a large scale".
During an interaction with businessmen, entrepreneurs, CAs and others in Pune, Sitharaman asked tax professionals not to curse the GST system and sought their help to make it better.
This is far removed from the promised uncomplicated, ‘one nation; one tax’ that the GST was supposed to be, with expectations of a single rate across all goods and services, ideally under 15 per cent, lowering costs for payer and administrator.
While stating this on Tuesday, the excise and taxation minister, Abhimanyu said that the per capita GST Collection from the state stands at Rs 21,745 whereas national per capita GST collection is Rs 9,370.
